No working product, under development, overvalued and overestimated.
Substantially coins without long-term profitability – practically "hype" coins. Just to be clear, you can (and people do) kill shit coins – but they're more for volatility trading and then hodling.
Generally they are created by opportunists, they have vague whitepapers full of word orders and bounty programs or other viral marketing methods to try to push sales.
BCash, XVG and many other useless coins in the top 30 but you can still earn from them if you know when to get out.
A coin that does not provide any new features. A copy of bitcoin comes out of it, it's a shitcoin. There is no need.
Many of these shitcoins only try to solve problems that have already been solved. Some actually have zero tech behind them lol
Back in November / December, McAffe tweets about Verge (probably got her $ 105,000.00 for this). Hype starts to grow. Verge had a "Wraith Protocol" update coming up on a set date. Dev did not stick to his word and posted it. When it finally came out, it was nothing impressive. Dev has made a post asking to pay the fees related to cryptos / coinbase. A few hours after the post, he started a "Give Verge to our pool so he could reveal great news on XX / YY day !!!" 1 "He did not have enough money, some companies have matched the value of the donation so as to reveal it Anyway. I did not reveal it. Postponed to April 16th. Two days ago, their Blockchain was hacked. Dev made a "correction" and said that everything was fine. It was not, as the hacker still mined XVG for free. Now Dev has pushed another "fix". It was a heavy blow. He did not know it was a pitchfork. Let me tell you again. The Dev. he did not. Know. He. Pushed. A tough one. Fork.
Why is it a shit coin? Because there's always a storm of literal shit around it. Hacks, McAfee, XVG Whale, cult following, a public ledger on a private currency … I made money on XVG, and now I moved. It offers nothing unique, and has been surrounded by nothing but drama.
Pre-announcement announcements, dubious white paper and partnerships with fragile companies that others have traced as Justin Suns own projects.
never confirmed or done on media and then the article disappears. Deal with things like a "open a San Francisco office" that is just a desk rented to the San Mateo hero. Previously invested in tron, made some money, I sold quickly.
The website looks like a twelve year old. Presumably they have alibaba elite programmers, but they have had trouble with session data on their login screen and sometimes the verification email has not even been sent. Let's add it to the fact that they have zero partnerships with any company that anyone has ever heard of and Tron has raised the price significantly once in January and you have a pump and coin in the works.
Their white paper reads like something Trump would say: we will have all things, the best things, the things you will love. And then the things you already love will do better things because you deserve the best things
The CEO obviously tries to pump the price of the currency … even before he has done something tangible. The TRX coin is just an empty coin that does nothing and runs on the Ethereum network.
Why should the pack leader worry about the price of the currency before the money still does something? It should be more focused on making sure that your product actually does something and bring lasting value and value to the currency instead of senseless clamor.
Put up or shut up is what Justin Sun has to do.
A serious project has to solve a real problem. When someone has an idea, and they are serious, they do their research in depth and develop a plan. They write a whitepaper that provides a complete overview of the problem they are solving, how they will solve it and how it compares with what is on the market.
Do not lean your white paper with text glued to the copy stolen from others.
Plagiarism is the very definition of a shitcoin. This is literally the kind of coin we are talking about when we use that word.